The House Financial Services Committee approved six bills intended to enhance capital formation.
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The SEC approved a proposed rule change that will permit the listing and trading of the first quadruple-leveraged exchange-traded funds ("ETFs"). Prior to this approval, the highest-leveraged ETFs offered three times leveraged (or inverse leveraged) exposure to their benchmarks.
The SEC may reevaluate a decision by the Division of Markets and Trading to approve a proposed rule change that permits the listing and trading of quadruple-leveraged exchange-traded funds.